Somewhat Positive News Coverage Somewhat Unlikely to Affect Erie Indemnity (ERIE) Share Price
News articles about Erie Indemnity (NASDAQ:ERIE) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 48.0083997607865 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- When the Blind Go Leading the Blind: The USPTO’s §101 Eligibility Guidance (jdsupra.com)
- Torray LLC Buys Lonza Group, DowDuPont Inc, Royal Dutch Shell PLC, Sells Accenture PLC, Erie … (nasdaq.com)
- Erie Indemnity (ERIE) & Meadowbrook Insurance Group (MIG) Head-To-Head Analysis (americanbankingnews.com)
- Who is Responsible If Your Neighbor’s Tree Falls in Your Yard? (finance.yahoo.com)
Shares of Erie Indemnity (NASDAQ ERIE) traded down $0.98 during mid-day trading on Tuesday, reaching $121.70. The company had a trading volume of 9,300 shares, compared to its average volume of 30,730. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $5,666.48, a PE ratio of 30.52 and a beta of 0.45. Erie Indemnity has a 52 week low of $103.59 and a 52 week high of $129.73.
Erie Indemnity (NASDAQ:ERIE) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. The company had revenue of $442.49 million during the quarter, compared to analysts’ expectations of $437.72 million. Erie Indemnity had a return on equity of 24.98% and a net margin of 12.62%. research analysts anticipate that Erie Indemnity will post 3.9 EPS for the current year.
Several brokerages recently weighed in on ERIE. BidaskClub cut Erie Indemnity from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd.
Erie Indemnity Company Profile
Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company’s function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange.
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